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If you’re considering a sell and rent back arrangement you now have the full protection of the FSA - financial Services Authority which means to you that you should only ever consider a sell and rent back scheme from a full authorised company.
See: http://www.fsa.gov.uk/pages/Library/Communication/PR/2009/071.shtml for guidance and more information.
Category: Sell and Rent Back Comments (0)
One of the most popular ways to avoid the repossession of your home is to sell and pay of any mortgage arrears and outstanding debts as quickly as possible.
Often if you can prove to the judge that you have a buyer waiting and ready to buy your home then you’ll be granted an extension to enable the sale to go through and for the mortgage and arreas to be paid off.
Remember – it is always in yours and your lenders best interests to sell the property, rather than have the property repossessed and then for the lender to have to sell the property at knock down auction prices later on.
If you allow your home to be repossessed not only does it harm your credit rating but it may also effect your chances of owning your own home in the future.
Here are our 5 best top tips for selling your house fast.
1) If you can, make sure your house is well presented for any potential buyers who come to view the property.
2) Act quickly, the sooner you act and get started the more time you’ll have to sell the property to prevent repossession.
3) Have a solicitor on hand and ready to go as soon as you find a buyer. This will save you lots of time later on.
4) If you’re trying to sell through an estate agent then why not market the property with 2 agents? This should double your exposure to the market and will increases your chance of a sale.
5) Add incentives to the sale of your house, you may be able to include a 5% deposit for first time buyers or you could advertise as “stamp duty paid” or “no legal feess to pay”. You then simply pay these costs out of the proceeds of the sale upon completion.
Do you need a fast and guaranteed solution?
If you are struggling to sell your house fast through an estate agent then why not get a free no obligation online cash quote from us? We can guarantee to give you our best price offer and we can complete on your sale quickly and professionally.
Whatever your reason for needing a quick sale we can help, we can also offer FSA sell and rent back arrangements if you would like to sell and then rent back your home.
Category: Fast House Sale, Sell and Rent Back, Stop Repossession Fast Tags: Fast House Sale, Sell and Rent Back, stop repossession | Comments (0)
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